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Natural Resource Governance Institute team members are set to take part in a full slate of activities at the EITI Global Conference in Lima, Peru, 23-25 February.

China has been included in the Top 10 list of foreign investors in Indonesia since 2014. As in many other countries, China’s interest in Indonesia is in its energy and mining sectors; more than half of its total investment has been directed toward extractive industries.

The prolonged oil slump that began in mid-2014 has made things complicated for Azerbaijan. The rapid decrease of oil revenues—the country’s main economic driver for the past 10 years—poses real threats to macroeconomic and financial stability in Azerbaijan.

The global oil press was aflutter late last week with the announcement by Saudi Aramco that it is “studying various options to allow broad public participation in its equity through the listing in the capital markets of an appropriate percentage of the Company’s shares and/or the listing of a bundle its downstream subsidiaries.” This followed an interview released Thursday in which deputy crown prince Muhammad bin Salman indicated that the kingdom was considering such an option in “the interest of more transparency, and to counter corruption, if any, that may be circling around Aramco.”

In this era of low commodity prices, oil- and mineral-rich governments in Eurasia are under acute financial pressure.

NRGI’s blog received tens of thousands of unique visits this year. Below, we share the 10 most-read blog pieces of 2015. From country-specific perspectives to globally relevant policy discussions, NRGI experts offered news, insight and prescriptions over the course of the year.

In the last decade, governments of resource-rich countries like Zambia, Guinea and Mongolia have struggled to tax their extractive industries more effectively. It is a tall order—countries must design an inescapable tax regime that taxes companies more in times of high profits and allows some relief in periods when gains are low.

The large fall in the price of oil since mid-2014 is on the whole good news for Tanzania, which is a net importer of oil. Indeed, Tanzanian stocks are around 40 percent higher than when oil prices began falling from a peak of $115 a barrel on June 19 last year...

The State Oil Fund of the Azerbaijan Republic (SOFAZ) was created in 1999 to promote macroeconomic stability, preserve oil revenues for future generations and channel Azerbaijan’s resource wealth into more productive assets...

Poor governance and systemic corruption are prevalent in many resource-rich countries. Given their highly concentrated and highly profitable nature, the oil, gas and mining industries can generate the kind of political and private incentives that favor rent-seeking and institutional (or state) capture.

When we think about the “resource curse,” one oft-cited example is oil-rich Venezuela. Despite copious petroleum reserves, people in one of Latin America's top hydrocarbon producers queue for hours outside supermarkets to buy staple foods, and now cite food shortages as a bigger concern than crime.

During the oil boom years earlier this decade, rising petroleum subsidies in importing countries such as Tunisia and Egypt were a constant strain on budgets—and so the collapse in oil prices has produced nuanced challenges for state-owned oil enterprises (SOEs) in both countries.

For Indonesia, lower commodity prices have had mixed results. Government revenues from oil, natural gas coal and other minerals have fallen, but lower prices have also helped the Southeast Asian net importer.

Crystol Energy founder Dr. Carole Nakhle discusses the changing contractual and fiscal environment for producer countries – particularly in the MENA region – amid a lengthy oil slump.

Managing public expectations is one of the toughest challenges that governments face now that commodity prices have dramatically declined. A gathering earlier this month in Tanzania brought together public officials from 15 emerging producers to discuss the implications of the price drop on their strategies.

Headlines about resource-rich economies faltering under crashing commodity price pressures fill the news. "Venezuela in a bind as Nicolas Maduro faces default dilemma" warns the Financial Times. "Alberta premier considers sales tax to fix ailing, oil-based economy" says the Canadian Press. "Iran says it can no longer afford Ahmadinejad's cash handouts" reports the Guardian...

On 20 April, Luis Arce Catacora, Bolivia’s economy minister, spoke at the University of Chicago, about “The Model That Changed Bolivia's Economy,” which, he said, explains how Bolivia has been able to sustain a five percent annual economic growth rate over the last decade.

Negotiating complex mining deals can be challenging for resource-dependent countries under any circumstances. But commodity price volatility adds an additional challenge to the mix, as Mongolia’s recently concluded renegotiation with Rio Tinto on the Oyu Tolgoi project illustrates.

At the end of the last commodity super cycle in the mid-1980s, the future looked bleak for producing countries. The Prebisch-Singer hypothesis suggested that commodity prices would continue falling relative to the price of manufactured goods – which was not good for countries that were selling their resources in order to finance industrial expansion...

Columbia Center on Sustainable Investment (CCSI) experts Lisa Sachs and Nicolas Maennling discuss public policies, from managing resource revenues to diversifying the economy, that can help countries reduce dependency on extractive industries and prosper through volatile commodity cycles.

Guest author Dr. Carole Nakhle analyzes the shifting bargaining power of companies and governments under current price developments and how many companies are taking advantage of the situation to improve their fiscal terms. This bears lessons for policy makers and all interested stakeholders.

Uganda's Ministry of Energy and Mineral Development (PEPD) recently extended the deadline for firms to submit bids in its first-ever round of licensing for six oil blocks in the Albertine Graben...

The price of oil, the commodity that more than any other determines the fortunes of Nigeria, has fallen over 50 percent since June 2014. The country’s 37 billion barrels of oil reserves are now significantly less valuable than before...

In the latter part of 2014 global oil prices fell at one of the most rapid paces in history. In Ghana this exposed a precarious fiscal situation that has undermined the high ambitions expressed by Ghanaians just a few years ago. Countries like Uganda and Tanzania that are currently shaping policies and laws to manage “resource curse” pressures can surely learn from Ghana’s troubling experience.